Core Durable Goods Orders of the US will be Published Today

The economic news that the market is eager to know is about it the release of Core Durable Goods Orders. It is recommended because, with the release, the market may become volatile. The high-importance data will be released by Census Bureau today at 13:30 GMT. When there is an increase in the indicator, it will have a positive effect on the American currency. The indicator will depict the value of orders of durable goods received by manufacturers in November when compared to that of the October release.

When it was published on 23rd Nov 2022 at 13:30 GMT, the US Core Durable Goods Orders stood at 0.5% instead of the expected figure of 0.0%. Even though there were high mortgage rates, new house sales in the United States contradicted predictions and increased in October. Despite a jump in sales during the epidemic, the industry has cooled, with the central bank boosting the benchmark lending rate several times this year to reduce demand and calm skyrocketing inflation.

New Home Sales in the US to be released

The Census Bureau will be announcing the latest New Home Sales today at 15:00 GMT. Market participants who are associated with the housing sector are suggested to make a note of its announcement, as the indicator will be analysing the housing market conditions of the country. Besides that, if there is an increase in the indicator, it will have a positive impact on the American currency. Top economists have predicted it to be 0.615 M.

Canada to Publish the GDP for October month

The high-importance news from Canada is about the release of the October GDP. It will be released by Statistics Canada today at 13:30 GMT. Financial experts have forecasted it to be 0.1%. Market participants who are trading in USD/CAD are highly recommended to be alert during its announcement before taking any significant market decision. It is suggested so, as the change in GDP will be impacting the CAD quotes. As per the report of the previous release, real GDP was largely stable for the month, with the economy neither growing nor collapsing. According to data collected, rises in the public, transportation and warehousing, construction, and wholesale commerce sectors were balanced by reductions in the manufacturing, mining, quarrying, and oil and gas extraction sectors.

Announcement of GDP for Spain

Even though the announcement of the GDP of Spain is considered a medium-importance economic coming this week, market participants are advised to keep a note of the same. It is said as the release will be affecting the euro quotes. It was published by the National Institute of Statistics today at 08:00 GMT. The GDP stood at 0.1% when the anticipated figure was 0.2%. This year, the economy expanded roughly by 4.6%. However, there is a downward trajectory due to deficiency of raw materials, inflation, decreased demand, high power rates and others. Furthermore, quarter-on-quarter growth fell from 1.5% in the second to 0.2% in the third. The GDP will next be released on 27th Jan 2023 at 08:00 GMT.